Biolase seeks up to $12m with rights offering

BiolaseBiolase (NSDQ:BIOL) said today that it’s hoping to raise up to $12 million with a rights offering that’s already guaranteed to bring in $6 million.

The Irvine, Calif.-based dental laser maker said it hopes the offering will bring in at least $8 million, noting that affiliates of Larry Feinberg and Jack Schuler have each pledged to at least $3 million apiece. The exact pricing and number of shares involved have not been determined.

Last month Biolase posted a 134% increase in second-quarter net losses, which reach -$8.3 million, or -12¢ per share, on a -8.7% sales decline to $12.6 million compared with Q2 2016.

The post Biolase seeks up to $12m with rights offering appeared first on MassDevice.

How squid ink could make going to the dentist painless

[Image from unsplash.com]

Squid ink could be used as a new imaging method at the dentist to check for gum disease, according to new research from the University of California at San Diego.

Align Technology inks sales deal with Zfx

Align Technology

Align Technology (NSDQ:ALGN) said today it inked a sales agreement with Zfx GmbH to expand the sales of its iTero Element intraoral scanners in European, Asian and African countries.

Through the non-exclusive deal, Zfx will act as a sales agent for the company’s iTero Element intraoral scanners amongst its network of customers, including laboratories, milling centers and dental professionals.

“The addition of iTero intraoral scanners with the Zfx digital restorative platform exemplifies our shared commitment to provide digital restorative solutions and efficiency to dental professionals. Through this relationship clinicians and laboratory technicians will be further enabled to produce high-quality dental prosthetics for their patients,” Align Tech chief marketing officer Raphael Pascaud said in a prepared statement.

The iTero scanners will allow users in Zfx-supported regions to use Zfx’s preferred digital milling and laboratory services, Align Technology said.

“Zfx provides unparalleled flexibility in the digital manufacturing of dental prostheses with an extensive portfolio of CAD/CAM components and milling solutions. Our integration and sales agent representation of iTero Element intraoral scanners further diversifies this portfolio,” Zfx managing director Oliver Hill said in a press release.